The Company Limited By Guarantee Memorandum Of Association is required when establishing a non-profit entity in Singapore that operates without share capital. This structure is commonly used for charitable organizations, professional bodies, and educational institutions where members guarantee a nominal sum in the event of company liquidation. The document must comply with the Companies Act 1967 and ACRA guidelines, containing essential information about the company's objectives, registered office, and member guarantees. It forms part of the company's constitution and serves as a fundamental reference point tHRoughout the organization's existence.
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1. Name Clause: States the name of the company and declares it as a company limited by guarantee
2. Registered Office Clause: Declares that the registered office of the company will be situated in Singapore
3. Objects Clause: Details the purposes and objectives for which the company is established
4. Liability Clause: States that the liability of the members is limited by guarantee
5. Guarantee Clause: Specifies the amount each member undertakes to contribute to the company's assets in the event of winding up
1. Powers Clause: Optional clause detailing specific powers of the company beyond standard statutory powers
2. Non-profit Clause: Required only if the company is to be registered as a non-profit organization
3. Restrictions Clause: Optional clause specifying any restrictions on company activities or powers
1. Subscriber Information Schedule: Details of founding members including names, identification numbers, addresses, and occupations
2. Initial Board Members Schedule: List of first directors if appointed at incorporation, including their details and consent
3. Objects Schedule: Detailed listing of specific objects and purposes of the company if too extensive for main document
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